Have you ever done pest control in your house? Medicine is injected into walls, woodwork and all drains. All gaps that allow pests to get in and out are treated and blocked. If gaps are left unfilled, the pests return. Similarly, in money management, unless you check your expenses and income, you will not be able to move to the next stage of saving and investing. You need to first plug the holes to be able to take stock of your finances. Here is how to do it:
To have a foolproof financial plan in place, you need to first start putting your cash flow system in place. Cash flow management is a report card of your income and expenses.
